BankNifty Futures open interest increased by 1.01% - Angel Broking

The Nifty futures open interest is increased by 16.12% while BankNifty futures open interest is increased by 1.01% as market closed at 5302.55 levels.

The Nifty August future closed at discount of 10.95 point against a discount of 3.20 points. The September series closed at a premium of 24.25 points.

The Implied Volatility of at the money options has increased from 25.40% to 27.08%.

Nifty PCR-OI has decreased from 0.91 to 0.88 levels. The total OI of the market is Rs. 1,62,196/- cr. and the stock futures OI is Rs. 29,127/- cr.

Few of the liquid counters where we have seen high cost of carry are GMRINFRA, JPPOWER, RENUKA, NHPC, RANBAXY.

Source : Equity Bulls

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